Main reasons for the rise in BTC, ETH, XRP, DOGE prices

The cryptocurrency market has witnessed strong growth today, as evidenced by the sharp rise in the prices of major cryptocurrencies. Notably, most major cryptocurrencies such as Bitcoin, Ethereum, Solana, XRP, Dogecoin, etc. have risen today, reflecting the growing interest of traders in digital currencies.

A series of reasons have driven the rise in the digital asset industry, which has hit new highs in cryptocurrency prices after the volatile trading in the past few weeks. Notably, as the interest in the approval of Ethereum ETF has soared, there are other reasons that have also triggered optimism among market participants.

Today's cryptocurrency market rise may also be driven by major regulatory developments in the United States. The Blockchain Association recently sent a letter to Speaker Johnson and Rep. Jeffries, urging legislative support for the Financial Innovation and Technology Act for the 21st Century (FIT21 Act). At the same time, the bill aims to provide a clear regulatory framework to promote innovation while ensuring consumer protection. The letter, which is supported by the Cryptocurrency Innovation Council and 60 other entities, highlights the industry's consensus on the necessity of this legislation.

Since last week, there has been a positive momentum in the cryptocurrency market, with investors seemingly regaining confidence in the digital asset space. In addition, the recent cooling of US CPI inflation data has also boosted investor sentiment in the broader financial sector, not to mention the cryptocurrency market. #加密货币ETF